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Image 1 - 931 S Mansfield Ave, Los Angeles, California, 90036 - House for sale
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Home For Sale In Los Angeles, California
931 S Mansfield Ave, Los Angeles, California, 90036

Home For Sale In Los Angeles, California

house for sale
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Listed: 06/21/24

931 S Mansfield Ave, Los Angeles, California, 90036

12 Bed:
12 Bath:
8,429 Sq Ft Living Area:
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Price
$ 2,55M

About This House

931 S Mansfield is a charming French provincial 8 unit multi-family property in a highly sought after Miracle Mile and Mid Wilshire location. The subject property is two stories, approximately8, 429 SFand was built in 1930. This large property consists of 8 spacious 1 BR + 1 Bath units. Three of these eight units will be deliveredVACANTat close of escrow. The other four units have rents well below market, creating a quintessential value-add opportunity for new ownership. Garages located at the rear of the property that can potentially be converted into ADU units. There is also additional income generated monthly from onsite laundry. With its solid economic profile and strategic positioning, 931 S.Mansfield Ave embodies a lucrative opportunity for discerning investors seeking to capitalize on the dynamic Los Angeles real estate market.

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Miracle Mile Housing & Living

Average sale prices for houses

1 bed
2 bed
3 bed
4+ bed
Show as List Show as Graph
In August 2024, the asking price for 1 bed houses for sale in/near Miracle Mile, Los Angeles, United States averaged $837,581, a decrease of 20.3% from the previous month.
Median price trends for properties for sale in Miracle Mile, Los Angeles, United States as of August 2024.

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.